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Net change in employment in Canada increased more than expected as Statistics Canada reported on Friday that net change in employment in Canada rose by 953,000 in June, bringing the unemployment rate down to 12.3% from 13.7% recorded in May. However, the unemployment rate came out worse than the market’s …

Annual core PPI in the U.S. fell more than expected in June, as data published by the US Bureau of Labor Statistics on Friday showed that US PPI for final demand decreased to -0.2% in June from 0.4% in May, on an annual basis. The index remained unchanged at -0.8% …

Hong Kong authorities announced today the closure schools again on Monday, with increased cases of Covid 19, an indication of the full lockdown soon. The decision came after the number of infected people rose to 1,404 in Hong Kong after 34 new cases were recorded, which raised fears as there …

The International Energy Agency (IEA) raised its forecast for global oil demand in 2020 but warned that the recovery may face some obstacles due to the high number of new COVID-19 cases worldwide. The agency said in a monthly report that the collapse of fuel consumption during Q2 was less …

The United States supplies of natural gas increased by 56 billion cubic feet (bcf) last week, according to data by the US Energy Information Administration (EIA) on Thursday. Total natural gas inventories currently stand at 3.133 tcf, up by 685 bcf from a year ago.

Wholesale inventories in the United States declined during the month of May by 1.2%, meeting market estimates. This comes after inventories increased by 0.2% in April, according to data by the US Department of Commerce. Wholesalers’ sales increased by 5.4% in May, after falling by 16.4% in April, Reuters reported. …

Weekly jobless claims in the U.S. decreased by an estimated 99,000 last week as data released by U.S. Department of Labor Thursday shows. The number reached 1,314,000 initial claims for unemployment benefits in the week ending July 4th, better than market expectations at 1,375,000 and higher than the previous week …

The UK’s Department of Health and Social Care said this Thursday that cases identified by England’s test and trace system reached 14,892 people were identified as close contacts of positive COVID-19 cases. The department of Health added that “of these people, 70.8% were reached and asked to self-isolate.” “4,347 people …

Russia has no plans to hold any talks with Saudi Arabia at the present time before OPEC+ ministerial monitoring committee meeting next week’s. Market reaction Oil prices ignored that news and WTI crude was trading at the time of writing at $ 40.75, losing 0.25% on a daily basis. Brent …

Gold reached $1,800, hitting the highest level since November 2011, surpassing a previous high of $ 1797, and it is now functioning as support. Investors are looking for levels of 1,810 then 1,825, 2011 peaks at under the spotlight at 1,921 and 2000. Gold is ready to post more bullish …